ICAPITAL.BIZ BHD
KLSE (MYR): ICAP (5108)
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Last Price
3.30
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+0.04 (1.23%)
Day's Change
3.23 - 3.30
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54,000
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Discussions
5 people like this. Showing 50 of 5,846 comments
All talk talk only....no action one on the innovative dividend....will be a miscarriage 🤣🤣
2 months ago
@JohnD0ugh:
> In the 2nd half of May 2024, COL and its gang of bullies sold hundreds of thousands of ICAP shares. As a result, the share price of ICAP was pushed down from RM3.44 on 14 May 2024 to RM3.16 as at 31 May 2024, breaking its rising trend. In less than 2 weeks, ICAP's share price fell 8.13%.
I fear you are misrepresenting TTB's position. At every AGM, TTB has been lecturing us on how COL and Co. are keeping the ICAP price depressed by accumulating ICAP shares on the cheap. Didn't he even file a suit against COL to prevent them from buying more and thus keeping the prices low? Now that COL is finally selling, TTB, of all people, would be the one celebrating.
2 months ago
@Sslee:
> https://www.icapital.my/2023-10-02-icapital-biz-berhad-announces-innovative-dividend-policy-en-us/
ICAP now sells at almost 27% discount. In this condition, should the dividend policy be implemented, the dividend would be about 14 cents per share.
2 months ago
My take TTB is using diversion tactics.. Hate DAP. Everything is DAP's problem. At this point TTB will be even more afraid to declare dividend. When it goes ex-dividend the share price has not mementum to go to before dividend... It's a psychological perception price got depresssed eve further.
2 months ago
What Teng Boo has observed over the decades is that when a financial or economic crisis hits, individual investors have to bear the brunt, although in aggregate, they as taxpayers would be the ones who would have to bail out the financial system and economy. These acute observations have made a huge impression on Teng Boo and have had a transformable impact on his life and career.
Viewing this asymmetric fact of life as unfair and an assault on natural justice, Teng Boo has, early on, resolved and made it the mission of Capital Dynamics to help society's underdog, the retail investor, in an area where his contributions can have the greatest positive impact on society - investing.
Throughout his decades-long investing and business career, Teng Boo has always believed in empowering and championing individual investors. As part of his life-long effort, he has, through numerous means, encouraged university students to acquire knowledge of value investing and its benefits.
Under his leadership, Capital Dynamics organises the Budding Value Investor Award (BVIA), a global investment research competition that requires student participants to submit and present investment research papers, related to value investing. The BVIA is open to university students from all disciplines and from any country in the world.
Sponsored by Capital Dynamics and icapital.biz Berhad, the 2024 BVIA is not just a competition; it is a testament of our commitment to nurturing young talents in investment. Value investing is not just a strategy; it is a philosophy, a mental framework, and a discipline embraced by investing titans like Charlie Munger, Philip Fisher, Warren Buffett, and Benjamin Graham - an approach that drives success in both bull and bear markets.
While students who major in Business Administration, Finance, Accounting, Economics, etc. will benefit significantly through the practical application of investment and financial principles learned in school, students from all majors and disciplines such as Engineering, Law, Mathematics, Computer Science, History and more are also invited to participate in this exciting investment research competition.
i Capital Newsletter Volume 35 Issue 40
2 months ago
Lead by example. If TTB intention is empowering and championing retail investors than he should attend companies AGM that icapital hold share and ask the hard questions and hold the BOD, external auditor accountable, responsible and answerable.
2 months ago
Dedicated to Papa TTB.....what is market manipulation.
SC sues Yu Kuan Chon over alleged market rigging, manipulation
https://theedgemalaysia.com/node/716904
1 month ago
icapital.biz Berhad is a Malaysia-focused fund, with an objective of long-term capital appreciation based on the eclectic value investing philosophy of Capital Dynamics. It is not allowed to sell short, invest in derivatives or undertake any borrowings.
“A wise value investor is an Old Fool, one who learns to be patient and understand it’s not how fast one’s investment appreciates, but how sustainable the returns are that matter.”
I said those words years ago, and finds that they are especially useful when present day investors are so focused on chasing returns.
i Capital.biz Berhad 1Q2019 Report
1 month ago
icapital.biz Berhad is a Malaysia-focused fund, with an objective of long-term capital appreciation based on the eclectic value investing philosophy of Capital Dynamics. It is not allowed to sell short, invest in derivatives or undertake any borrowings.
Your worth transcends generations. We believe it is more than just a number on paper — it is a measurement of your uncompromising dedication to achieve success at every level throughout life. Your investment of that success with Capital Dynamics is something we take seriously.
We are rewarded by helping you secure and grow the worth of the generations before you and those that will come after. We believe this focus serves your best interests.
In fact, we founded Capital Dynamics on this very principle in 1989. We utilise 30 years of combined investment experience to secure your worth. It worked then. It works now. You invest. We return.
i Capital.biz Berhad 4Q2018 Report
1 month ago
TTB talk the talk and please walk the walk.
When will icapital announce the promised dividend?
ICap's dividend policy will not only be subject to market and economic conditions, but also its value investing investment philosophy, it said. “It will be formulated as such – a base rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV.3 Oct 2023
1 month ago
If I am not mistaken, the proposed dividend will come with DRIP.
Then it is kind like a combination of Dividend + mini Right Issue,
or put it simple, is just like a mini scale of Bonus Issue.
I don't like it.
1 month ago
The right issue is for investor who prefer to reinvest the money instead of cashing out via dividend.
1 month ago
In his annual shareholder letter, Warren Buffett gave some advice which is of great value to share owners of icapital.biz Berhad, whether large or small.
He said: "Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta."
My favourite part is this. He continued: "What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period — or even to look foolish — is also essential."
Holding cash is always linked to value investing and looking “unimaginative” or “foolish” will sometimes be the most sensible option. Remember icapital.biz Berhad has RM267 million worth of call option with no expiration date or strike price.
Finding attractive stocks to invest with sufficient margin of safety remains our focus.
i Capital.biz Berhad 3Q2018 Report
1 month ago
TCB just want to show his fund NTA keep going up matching warren buffet performances
1 month ago
Another Buffet wannable?
Berkshire Hathaway's massive insurance operations require the company to have an ample cash reserve to fund potential insurance payouts.
1 month ago
We all knows that Call Option has natural leverage that will magnify the returns when you get it right. I was wondering if it has 2X, 3X even 4X return on his 267 million call option will deliver additional $4 -$8 NAV per share(adding additional gains 500-1 billion using 2018 as a baseline.
1 month ago
Gemini AI helps me a little on this Free Call option thinge
Quote
The claim of possessing a "free call option" is misleading and lacks financial rigor. There's no such thing as a truly free option; its acquisition invariably comes with a cost, often in the form of opportunity cost or other trade-offs.
It's more accurate to say that the individual is strategically holding a high cash position, anticipating potential market downturns to deploy capital for undervalued assets. While this approach might lead to short-term performance gains, attributing these gains to a "free call option" is an oversimplification and misrepresents the complexities of options trading.
Such a strategy is essentially a form of market timing, which is inherently risky and difficult to execute consistently. Any outperformance achieved through this method should be evaluated in the context of the overall market and investment universe, rather than being solely attributed to a mythical "free call option".
Unquote
1 month ago
A call option at current market price has no intrinsic value, therefore it is free. Just like giving out supermarket coupons with no discount! For suckers.
But the fund managers now going round saying he is super bullish and sold off all his "free call option"(cash) but willing to pay premium for his Call Options. 😝😝
1 month ago
The Trillion Dollar Equation.....if you are interested to find out go to this Youtube link to watch the video on Options
https://youtu.be/A5w-dEgIU1M?si=dA-P0vHccs11kQL-
1 month ago
In the 2023 Investor Day of icapital.biz Berhad, I made a rare long-term outlook presentation of the Malaysian stock market. On Sunday, 5th November 2023, I explained that after a relatively long time, Malaysia is now in a sweet spot of sorts.
As part of my 90-minute talk, I predicted that over the next 3 to 5 years, the KL Composite Index (KLCI) would rise to 2,500-3,000 points. On Friday, 3 November 2023, the KLCI closed at 1,449 points. Since then, events have more or less unfolded the way I predicted back in November 2023.
At the point of writing this commentary now, the KLCI has risen 11.7% or 170 points to close at 1,619 points. The mood on the stock exchange is more upbeat. The question now is whether the Malaysian bull market will continue as predicted.
At this point in time, I do not have any reasons to revise my views and I continue to maintain my bullish forecast.
What about the future performance of icapital.biz Berhad? Again, in such a bullish market, I still expect icapital.biz Berhad to perform strongly in terms of its NAV and share price. In such a bullish environment, it is reasonable to expect the NAV discount of icapital.biz Bhd to disappear.
Should the present large foreign investors allow the stock price of icapital.biz Bhd to trade without any interference, then, the discount of your Fund will disappear at a faster pace and its stock price will then be able to trade at a rational level earlier than otherwise.
i Capital.biz Berhad 4Q2024 Report
1 month ago
17/07/2024 3.45 3.37 - 3.45 3.37 -0.08 (2.32%) 123,800
CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED 17-Jul-2024 Disposed 118,300 0.000 View Detail
What is TTB talk about should the present large foreign investors allow the stock price of icapital.biz Bhd to trade without any interference, then, the discount of your Fund will disappear at a faster pace and its stock price will then be able to trade at a rational level earlier than otherwise?
When the reality is foreign investors sold 118,300 shares, icapital drop by 8 cent.
When will TTB start to buy icapital?
1 month ago
Why blame foreign inteference?
Chart wise, looks like a double top formed.
Portfolio wise, 30% of holding is tied to technology (KGB and Unisem)......It can cut both ways.....if technology rotation is real....you can expect NAV to go down together but of course if it's just a blip, then you can expect NAV to go higher.
Market is rational and perhaps the fund manager can also think rationally.
1 month ago
Despite a turbulent environment, icapital.biz Berhad has again achieved a very strong performance with its share price outperforming the MSCI Malaysia in US$ by a huge margin.
The share price of icapital.biz Berhad has also outperformed the S&P 500 and NASDAQ, two top performing indices dominated by AI stocks like Nvidia, Meta, etc , in US$ in the same 1-year period.
This very strong performance of icapital.biz Berhad is a result of your Fund Manager and Designated Person patiently and deliberately sticking to its time-proven Bamboo value investing philosophy, despite being continuously harassed by one or two foreign wrecking balls.
If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium.
i Capital.biz Berhad 4Q2024 Report
3 weeks ago
If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium.
Will come back and revisit this statement in year 2026-2028 whether TTB is as good as what he said or another snake oil salesman.
3 weeks ago
No way 2500-3000 unless Malaysia practice full meritocracy. Our best brains are leaving the country year after year
3 weeks ago
When had TTB’s predictions ever come true? But anyway predictions are never remembered unless they come true.
What I can remember is that even cold hard facts are denied by TTB if they are not what he liked.
On the eve of the 2007-2008 financial crisis following the huge amount of toxic assets built up by sub-prime mortgages, TTB still failed to see the impending upheaval. As a result he repeatedly questioned: “Where got sub-prime problem?” in many issues of his newsletters.
And as such he, as the “Designated Person” or in other words the “Chief Investment Officer” of iCapitil.biz Bhd, had failed to scoop up valuable shares at rock bottom price during the global finacial crisis of 2007-2008.
3 weeks ago
Despite all the accusation in i3, the nav growth performance with such long period of holding cash already put icap in top tier performance among local funds.
3 weeks ago
Although a highly successful and proven investment philosophy all over the world, value investing is not well understood or appreciated in Malaysia. In the 6th edition of the Benjamin Graham’s classic, “Security Analysis”, Seth Klarman wrote a useful explanation :
“Value investing, today as in the era of Graham and Dodd, is the practice of purchasing securities or assets for less than they are worth - the proverbial dollar for 50 cents. Investing in bargain-priced securities provides a “margin of safety” – room for error, imprecision, bad luck, or the vicissitudes of the economy and stock market.
While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.
Winning, in a sense, was accomplished by not losing. Investors could achieve a margin of safety by buying shares in businesses at a large discount to their underlying value, and they needed a margin of safety because of all the things that could - and often did - go wrong.”
i Capital.biz Berhad 2Q2018 Report
2 weeks ago
Icapital top 5.
Will these stocks continues up come ended 31 AUG 2024?
FINANCIAL REPORT FOR THE YEAR ENDED 31 MAY 2024
Description of Investment Industry Shares (unit) Fair Value (RM) Fair Value as a Percentage of Net Assets (%)
Sam Engineering & Equipment (M) Berhad Industrial Products & Services 18,154,400 108,200,224 17.94
Kelington Group Berhad Industrial Products & Services 26,996,300 85,038,345 14.10
Padini Holdings Berhad Consumer Products & Services 17,006,700 64,285,326 10.66
Fraser & Neave Holdings Berhad Consumer Products & Services 1,061,100 34,613,082 5.74
Capital A Berhad Consumer Products & Services 36,854,100 31,141,715 5.16
2 weeks ago
Berkshire's mounting cash pile could top $200 billion as Buffett continues selling stock
PUBLISHED FRI, AUG 2 2024 10:52 AM EDT
The one and only Warren Buffett is busy selling stock and our Warren Buffett wannable TTB in his 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time. Who will be proven right?
2 weeks ago
https://webfiles.icapital.biz/videos/28022024-Rtm.mp4
TTB make major forecast since end of last year, strengthening of RM against USD and bull market on bursa.
strengthening of RM against USD is on the spot, next test is whether klse enter bull market and hit 3000.
https://webfiles.icapital.biz/videos/28022024-Tv3.mp4
2 weeks ago
Sg is also a trading nation, why dont complain SGD is strong.
Currency is not simplistic strong bad, weak good. Look at Japan weak currency for decades but their gdp stagnant. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=JP
Malaysia currency at 4.7 is too undervalue that hurt Malaysia economy and ordinary people living standard.
2 weeks ago
Buy from others and sell to others is call trading.
But if you produce (raw mat) and manufacture in Malaysia, cost in RM and export to others in USD that is call export oriented economy and not a pure trading economy.
2 weeks ago
Malaysia is a recognized trading nation by WTO. Estimate import 294B, export 378B.
Example Malaysia main economy driver is E&E, import estimate 45B then value add them before export 79B.
2 weeks ago
Value investing requires an independent mindset and a long term investment horizon. Value investing is not always in favour and does not always outperform over shorter time periods.
Linked to value investing is the fund manager’s decision to hold cash. When bargains are scarce, value investors must be patient and holding at least a portion of one’s portfolio in cash equivalent awaiting future deployment will sometimes be the most sensible option.
Warren Buffett views cash as a perpetual call option, according to his biographer Alice Schroeder in her book “The Snowball: Warren Buffett and the Business of Life.” Schroeder says that one of the most important things she learned from many years of studying Buffett is that he perceives cash as a call option with no expiration date or strike price.
i Capital.biz Berhad 2Q2018 Report
1 week ago
Have they declared any DVD lately ???
TTB only good at talk the talk but never walk the walk.
1 week ago
Posted by Sslee > 5 days ago | Report Abuse
How can strengthening of RM good for our export oriented economy?
its only good thing is if cost is export orientated and your revenue is domestic orientated
or
u have pricing power but that would require you to be in niche position or high up in export chain
1 week ago
INDONESIA WILL OUTPERFORM MALAYSIA
IKN NUSANTARA WILL OUTPERFORM PUTRAJAYA
See
https://www.youtube.com/watch?v=lQZJoJUc370
1 week ago
Value investing is not about timing the stock market or the economy. It is about buying when the price of a stock is attractive compared with its intrinsic value. Often, fund managers do not lack stock picking abilities, rather they are subject to frivolous factors that encourage them to over diversify to protect their jobs and assets under management.
As the original promoter and fund manager of icapital.biz Berhad, share owners can be assured that I stick to doing what is the right for all share owners of icapital.biz Berhad, rather than what is right for selected parties. Value investing is something akin to finding a suitable life partner.
Just because one is single and getting older does not mean that one should marry anyone. One has to find the right partner whose values one shares with. Similarly we hold cash and wait for the right opportunity to make investments based on our principles. Finding attractive stocks to invest with sufficient margin of safety remains our focus.
i Capital.biz Berhad 1Q2018 Report
6 days ago
Value investing is not about timing the stock market or the economy.
Similarly we hold cash and wait for the right opportunity to make investments based on our principles.
If not about timing then hold cash and wait for what?
What is right opportunity?
The FBMKLCI index hit rock bottom on 19th March 2020 at 1219.72 point (Year range: 1,219.72 - 1,684.58) and prompted Bursa to suspend short selling on March 24 2020.
Is FBMKLCI at 1,219.72 on 19th March 2020 the right opportunity?
5 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
SSLee Value investing is very much pricing the market/stock, and not timing the market/stock.
2 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Charlie Munger mentioned that he knew of no economist who were fabulously rich based on their predictions of the stock market.
iCapital does a lot of analysis of economic activities of many countries and business sectors. This ability probably did not reward its owner(s) as much as collecting the fees from managing assets.
2 days ago
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
Are you saying the innovative dividend is a stillborn?
2 months ago